CBRE Global Investors, on behalf of a separate account client, has acquired Nimbus Park, a 270,875 sq ft logistics asset in Doncaster, from Sladen Estates and AIG.
Nimbus Park comprises two brand-new distribution units totalling 270,875 sq ft, built to a modern specification on a 15.8-acre site. Unit 106, comprising 106,509 sq ft, is let to Tile Giant, while Unit 164, comprising 164,366 sq ft, is let to The Mosaic Tile Company.
The buildings have a BREEAM rating of ‘Very Good’ and offer both cycle storage and electric car charging spaces.
Situated to the north of Doncaster adjacent to Junction 6 of the M18 and four miles from the M62, Nimbus Park boasts excellent road access to all areas of the United Kingdom.
This was a rare opportunity to acquire a brand-new logistics asset, built to a modern specification and with excellent ESG credentials, in an area that offers an increasingly compelling investment rationale. As more occupiers look to capitalise on the changing market dynamics that have been accelerated by the pandemic, it is expected that rental demand will continue and consistent returns will be delivered.
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